GaN Technology Driving the Growth of Power Industry

TapTechNews August 14th news, according to the latest report of TrendForce, as Infineon, Texas Instruments and others pour more resources into GaN (Gallium Nitride) technology, the development of the power GaN industry will accelerate again.

In 2023, the global GaN power device market size is about $271 million (TapTechNews note: currently about 1.939 billion yuan), and it is expected to rise to $4.376 billion by 2030 (currently about 31.314 billion yuan), with a CAGR (compound annual growth rate) of 49%.

It is introduced that consumer electronics is the main battlefield of the power GaN industry, and it has rapidly extended from fast chargers to fields such as home appliances and smart phones. In the next step, GaN will enter the notebook and home appliance power supplies with more stringent reliability requirements.

In 2024, the proportion of AI servers in the overall server shipments is expected to reach 12.2%, an increase of about 3.4% compared to 2023, while the year-on-year growth of general-purpose server shipments is only 1.9%. In order to deal with more advanced AI computing, the energy efficiency and power density of server power supplies must be further improved, and GaN has become one of the key solution technologies.